COVENANT WEALTH ADVISORS

RIASEC RegisteredEst. 2019

Total AUM

$910M

Discretionary

$890M

98% of AUM

Avg account

$481K

Accounts

1,890

Employees

Advisory reps

Firm details

Headquarters: RICHMOND, Virginia
CRD number: 155221
Registered since: March 22, 2019
Website: www.covenantwealthadvisors.com
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI86.13%
Individuals13.5%
Pension & Profit Sharing Plans0.37%
Services: Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Covenant Wealth Advisors is an independent registered investment adviser formed as an LLC and operating since 2019. The firm serves both individual and family clients as well as institutional relationships, and positions itself as a capital allocator that selects third‑party managers in addition to providing financial planning and portfolio management. Its advisory services include financial planning, portfolio management for individuals and small businesses, pension consulting, and the selection of other advisers. Fee arrangements are a mix of percentage of assets under management, hourly charges, and fixed fees. Covenant is not an active ESG investor and is owned by an individual principal. The firm received recognition from FA Magazine in 2020 (Top RIA Firms), indicating some visibility within the RIA community. Covenant’s classification and service mix point to a hybrid model that combines discretionary portfolio management with consulting and outsourced manager selection.